Guerbet’s board of directors announced the appointment of David Hale as Chief Executive Officer as from January 1, 2020. Chief Commercial Officer and Group Executive Committee member since February 2018, David Hale takes over the position from Yves L’Epine, who has been CEO since end of 2011. For 2019, Guerbet confirms expected sales up by more than 3% with an EBITDA margin of around 14%, despite a production halt in Dublin following technical incidents now resolved. For 2020, the EBITDA margin is expected between 14 and 15%, down from the intermediate objectives of the GEAR 2023 plan. However, with the appointment of David Hale, the Board of Directors confirms the Company’s strategic ambition of the GEAR 2023 plan, with the development in the interventional and augmented intelligence imaging segments. In this regard, the Group will communicate more precisely on the update of its strategic plan at the end of the first half of 2020. David Hale, 51, Franco-American, joined Guerbet’s Executive Committee in February 2018 as Chief Commercial Officer. His international career is characterized by strong geographical mobility, particularly in the United States, France, Germany and Switzerland, contributing to his ability to adapt and succeed in different cultures. Prior to Guerbet, David Hale was with the Boston Consulting Group and then with GE Healthcare, where he spent most of his career in areas such as Service, Software and Medical Devices.